Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Oct 2023

Market Profile


Türkiye

Türkiye: A fertile ground for growth

The life and health insurance industry in Türkiye is experiencing steady growth supported by market dynamics and regulatory support. WTW Turkey’s Ms Sema Gökdemir shares her views on the development of life and health insurance in the country.
 

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How technology affects life and health insurance in Türkiye

Türkiye faces challenges from demographic shifts and rising healthcare costs. Synpulse Management Consulting’s Dr Ilker Aslan said it is time for life and health insurers to make use of emerging technologies as adoption remains nascent in the country.
 

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Lack of capacity for reinsurance in Türkiye

The Turkish reinsurance market is under pressure due to high inflation and a rising number of natural catastrophes. The volatility of the lira has exacerbated these pressures and has led to Turkish reinsurers raising their rates or reducing their capacity. Middle East Insurance Review spoke to Huntington’s Mr Gerard Pennefather to find out more on the state of the Turkish reinsurance market.
 

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Noteworthy period for motor insurance in Türkiye

New regulations, tariff systems, increasing accidents and soaring premiums make an eventful year for motor insurance in Türkiye. Middle East Insurance Review looks at the developments.
 

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Structural changes and challenges face Türkiye's insurance sector

Structural changes have been in motion amid difficulties caused by devastating earthquakes in Türkiye. Koru Sigorta’s Dr Erdogan Çiftcioglu addresses the regulatory landscape in the country over the past year.
 

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Türkiye's insurance sector optimistic despite challenges

Türkiye’s insurance industry posted real change of 56% in GWP between January and July compared to last year. While some of the growth can be attributed to inflation, Middle East Insurance Review takes a closer look at other pertinent factors.
 

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